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20110701
20110731
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savings from winding down the wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know that some republicans will quibble over these savings but they have no leg to stand on. but wars are the second biggest policy driver of our deficits after the bush tax cut for the conduct and the worst ads to our debt, to is undeniable that winding down the war's delivers savings. the administration tells us with the wind down, they can't prosecute -- they can count on billions of dollars over the next decade the cbo count $1.67 trillion. we know the republicans agree theythis mstath because included the same settings in the ryan budget that passed the house. they never criticized that accounting and it is hard to see how they could do so now. lastly, senator reid's proposal allows for a joint committee that has the potential to achieve deeper savings down the road. all in all, this is an offer that republicans cannot refuse. all of the cuts in center repots proposal have been supported at one point or another by republicans. if they refuse this offer, i
infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be abolished. that is something they have imposed. you want the sec and the cftc to have smart people and good information technology. this does not come from the financial institutions. got the rules,, you m will run.e the other problem we have is i have been disappointed in the appointments from the obama administration. we knew last august that the comptroller of the currency had to be appointed but they only now come up with tom curry. the failure of pointing -- appointing someone to the cftb. a bank manager was brutally rejected. he was a disrespectful person by the republicans and now they will confirm nobody to the cftb. the purpose was to give them independence an
a bloomberg story. the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he has gone the extra mile by any objective analysis. we're close to this deadline. these are something that does not recommend a conference bridge a compromise. it was right off a cliff ticket we should not be doing this. we should be finding ways to come together. let's move on. i regret that we are here. we do not even know what the you're going to bring to the floor. i've never experienced a thing like this before. i regret that we are here. i thank you very much for being here. i wish your counterpart were here. >> thank you. >> thank you very much. how many hearings has this bill r
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that begins with the assumption that we have to raise the debt limit and yet doesn't offer a fundamental restructuring of government spending habits. i won't do it. and while i embrace the principles of cut, cap and balance, the bill simply did not go far enough to fundamentally restructure the way that this city stands the american people's money. and it allowed for an increase in the debt limit, something i simply won't do. i also believe that we must repeal and defund obamnicare as part of any solution to our current debt crisis. by? because obamacare is the largest spending and entitlement program ever passed in our nation's history. and it is widely unpopular with pe
-- the senate plan's $1 trillion in savings from the iraq and afghanistan wars are real. that's c.b.o. saying it. not some democrat who's hoping and praying for an easy fix. this completely undercuts the arguments by republicans who have tried to call these savings a gimmick, even though they included them in their own budget and voted for them only a few months ago. if it was knock their budget -- if it was okay in their budget, it's got to be okay in our budget. you can't just change your mind based on whose budget it is. the substance should matter to some extent. plus, since the c.b.o. will only measure the plan's first draft before aofficial plan savings were incorporated into the bill, the final version will achieve even deeper savings when it is filed on the floor. as "politico" reports this morning, "in the battle of budget scores, the senate democratic deficit-reduction bill is the clear winner thus far over an alternative by speaker john boehner." and lastly, senator reid's proposal allows for a joint committee that has the potential to achieve even deeper savings down the road to get
Search Results 0 to 5 of about 6